Insurance Premium in Installments

[chavibasu]

Can I pay my car insurance premium in installments?

[hayat]

The law does not allows car insurance holders to pay premium in installments. Hence, no insurance company will receive auto insurance premium in installments.

[Sumitrao]

No, insurance premium is not payable through EMIs

[PJyoti]

Chavi, You can totally pay the premium through Installments. 

Insurers' provide various payment options at the time of payment like EMIs through Credit Card in which we have options to select the number of EMIs aswell. 

Just like any other credit card shopping, Insurance's online shopping works the same way.  

[Arti · Accepted solution]

Dear Sir , 

Yes, you can make the insurance premium payment in instalments, but the insurance company charges the entire premium on a one time basis. The same is converted into EMI by the Customer Care department. 

We request you to cordinate with the CC dept for avaling insurance through installment